Source: SBA.gov

Small Business Innovative Research (SBIR) Contract

A type of contract designed to foster technological innovation by small businesses with 500 or fewer employees. The SBIR contract program provides for a three-phased approach to research and development projects: technological feasibility and concept development; the primary research effort; and the conversion of the technology to a commercial application.

Updated on

September 9, 2022

Published on

June 20, 2018

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

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SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

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SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

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SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Applicant Entity

The business entity requesting...

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Accrual Basis Accounting

recognizes revenues when earned and expenses are...

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Companion File

When an applicant has another application filed...

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Credit Score Test

Part of the home loan CET show a...

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Cash Flow Test

Part of the CET that determines if...

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Available Asset Test

Part of the CET that determines if an applicant(s) has...

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Balance Sheet or Statement of Financial Position

Assets = Liabilities + Equity...

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Protégé

A firm in a developmental stage that...

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Guarantor

The legal entity and...

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Standard Industrial Classification (SIC) Code

A code representing a category within...

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Phase 1

Process used to determine the...

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Full and Open Competition

With respect to a contract action...

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Mentor

A business, usually large, or...

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Limited Partnership

A business organization with one or...

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Amortization

A non-cash operating expense that...

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